Dollar improves vs. euro after U.S. data

RachelKoning

CHICAGO (CBS.MW) -- The U.S. dollar gained vs. the euro after a U.S. report showed the lowest level of jobless benefits claims in eight months. The euro had already declined on back of a report showing a deeper-than-expected 2.5 percent drop in German industrial production. The euro was last down 0.4 percent at $1.1763. The dollar remained lower against the yen but off earlier lows amid suspected intervention to curb the yen's rise. The dollar was last down 0.3 percent at 109.11 yen. It earlier pierced the 109 yen area before managing a small recovery.

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